The Hindu Business Line : Thursday, January 12, 2006

A comeback for FM radio
THE ENTRY OF established names and the frenzy of bidding activity in the FM radio space over the past fortnight is an indication that industry participants have taken a favourable view of the revised policy framework. It is also likely that a ... More

ECONOMY

Don't stymie services-led growth
The rapidly-growing service sector, of which IT is only a part, currently accounts for nearly half of the GDP. In this segment, the role of the non-corporate sector, represented by millions of partnerships and proprietorships firms, has been pivotal to the growth of national income in the last decade. If this entrepreneurial spirit of non-corporate India is to be kept alive, it is imperative that the government reduces its role in the economy, says R. Vaidyanathan. More

ACCOUNTANCY

Creative accounting can turn source documents into works of abstract art
BILLS, cash memos and invoices come in all sizes. More than the final amount, what is of interest is the level of abstraction in the bill. For instance, Andy Brough, a fund manager at Schroders, wonders "if the invoice submitted by the broker ... More

Far from fair value
THE year 2005 could well be described as one in which the project for global convergence of accounting standards commenced. Parleys are on, draft papers are being circulated and projects are being undertaken globally with this single intent. ... More

On the trail of a failed bank and the trial that followed
IN THE `hall of fame' on www.invent.org is Rangaswamy Srinivasan, for his discovery in 1981 "that an ultraviolet excimer laser could etch living tissue in a precise manner with no thermal damage to the surrounding area". He called the ... More

POLITICS

Of tapped phones and pravasi lectures
THE tapping of the phone of Samajwadi Party General Secretary, Mr Amar Singh, which met a surprising mine-too chorus from non-UPA politicians, and the NRI jamboree in Hyderabad were the two highlights of last week. While Mr Amar Singh's ... More

ECONOMIC OFFENCES

Lesson from IPO scams
Sanjiv Agarwal on reforms that can check many a market evil More

LETTERS

Quality education

NRI privileges

Development vs people

Food security

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